St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-13
On the Chicago Board Of Trais Vari-
GUS Rather DiscOurasing Reports
Made Firmer Markets.
After the First Little Squirt, However,
the Dealings Resumed Nomi-
nal Quietude.
Later a Scramble to Sell Followed
Which Created a Feeling Of an
Extremely Panicky Nature.
Transactions in the Financial Circles
of Wall Street.-The GEN.
erai Markets.

CHICAGO, June 1.-THE government crop
report of yesterday was supplemented by fur
Their bad crop news to-day. This, together
with the large charters Of yesterday for ship
ment and strong California markets made
firmer markets. July opened at So3se, against
the close last night ut S0s4c and sold to S0lsc
in the first few minutes trading. During the
hour July held steadily around S57S@S6c
June opened at 92c and sold up to 92l2c III
the same time. The trading became very
quiet after the first little squirt at the open
ing. Shortly after IL o'clock the crowd of
''tailers on who usually try to get even on
the market during the last half of the Satur-
day session, began TO sell little wheat. 1t
was soon found that the entire crowd were
long and a scramble TO sell followed which al
most resulted IN panic and sent prices for the
active option, July, off nearly Be. The usual
indiSposition to carry any trades open over
Sunday had marked July down to $3.50 be-
fore the panic commenced, but when falr
quantities CT wheat were offered for sale
prices slid downward very rapidly to S4i3c.
The decline was continuous, and fuctua-
tons were fully lSc each time. At S4Ac
there was sale, and prices advanced to
S524c. When the next decline took place
July went down to S34c. but ralliedto SoSic
and became measurably steady around S3Ac.
All of the other options declined III the same
ratio except June. This option was hardly
thought Of, and the general run in the other
months only brought Il decline of &c to
June. Itdeclined from 92l2c to 924c- The
third break i'll July wheat occurred less than
half an hour before the board closed. July
held fairly steady around S34c for some
time, but as on the two previous breaks,
there was no support to the market, ana
prices again broke Off. The last
break sent July down to S2l2c,
or nearly &c below the prices
prevailing at the opening of the board. Just
before the close the clique began to buy and
prices ran up rapidly from S2l2c to S334c.
The close was firm at that price Corn ruled
fairly active with the feeling decidedly
weaker. There was considerable long corn
on the market, which, with the decline in
wheat, had depressing effect. The market
opened at about the closing figures of yes
terday, was steady for a time, then ruled
weak. declining with slight fluctuations, and
closed 14@ssc lower than yesterday. July
opened at 3Sls@3Sssc, and closed at 3Sls0
3S4c Oats were dull and weak. Specula
tive orders were rather light and the other
markets seemed to attract the attention of the
operators. Lard was weak, with very little
business, and pretty free offerings caused a
decline of 2l2Gc5c. Short ribs were moder-
ately active, but unsettled.
THE QUOTATIONS.
The leading futures ranged as follows
Wheat-No June, 92c, closing at 9214c;
July, S57Sc, closing at S3s4c; August,
S17sc; closing at S0Sse; September, slice,
closing at S0Ssc. CoTn-No. , June, 31ssc;
closing at Use; July, 3Sl2c, closing at 3SlSc;
August, 394ac, closing at 3914c; September,
40Ssc, closing at 40lsc. Oats-No. 2 June,
255Sc, closing at 25l4c: July, 26Ac, closing
at 2575c: August, 25ssc, closing at 25c;
September, 2s5ssc, closing at 247sc. Mess Pork
Per Dbl, June, S22, closing at 80. Lard
Per100 lbs, June, $500, closing ut S6.62la;
july S6.70 closing at S6.G712; August,
Sc. S2l2, closing at S6.71l2: Septem
Der, So 92le, closing at S6.S7l2. Short Ribs
Per 100 lbs, June, $40, closing at S7.67la;
August Angus s7.z7is, closing at SITE; Sep;
TENDER, S7.S2l2, closing at S7.S5.
Cash quotations were as follows: Flour
Nothing doing and the market ruled quiet
without quotable change. Wheat-No. 2
spring. 92@92Ia; No. 5 spring, Use; No. =
red, 92c. Corn-No. 2, SIC. Oats-No. 2,
25c. Rye-No. 2, 53l2c. Barley-No. 2,
59c: Flax seed-No.1, 81. 16l2. Prime timothy
seed, s1.S6; Mess pork. per Dbl, So.
sides, loose, s.. 65@e7 .67l2; dry sailed should
ers, boxed, S5.6o@5.7o; short clear sides,
boxed, ST 9o@7. 95. Whisky-Distillers'
finished goods, per gallon. S1.I0. Receipts
Flour, II 900 bb1s; wheat, 10000 bu:
corn, 100000 bu: oats, 1O0,O00 bu: rye,
1000 blu; barley, 5000 bu. Shipments
Flour, 1900 bbls; wheat $4,000 bu;
ley, 1000 bu. On the produce exchange
to-day the butter market was steady with
good demand; creamery, 13la@17c; dairy,
12Gl15c. Eggs were steady at 13GI14c.